EMCOR Group, Inc. (NYSE:EME) is Corbyn Investment Management Inc. MD's 4th Largest Position

Key Points

• Corbyn Investment Management Inc. MD has increased its stake in EMCOR Group by 1.6%, owning a total of 38,795 shares, making it the fund's 4th largest holding.
• EMCOR Group reported a 17.4% year-over-year increase in revenue for the quarter, with earnings per share of $6.72, surpassing analysts' expectations.
• The company recently declared a quarterly dividend of $0.25 per share, representing a 0.2% yield and maintaining a low dividend payout ratio of 4.15%.

Corbyn Investment Management Inc. MD raised its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 1.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,795 shares of the construction company's stock after purchasing an additional 601 shares during the quarter. EMCOR Group accounts for about 5.3% of Corbyn Investment Management Inc. MD's investment portfolio, making the stock its 4th largest position. Corbyn Investment Management Inc. MD owned approximately 0.09% of EMCOR Group worth $14,340,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in EME. World Investment Advisors raised its position in shares of EMCOR Group by 29.0% during the fourth quarter. World Investment Advisors now owns 712 shares of the construction company's stock valued at $323,000 after buying an additional 160 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new stake in shares of EMCOR Group during the fourth quarter valued at approximately $6,398,000. Aviva PLC raised its position in shares of EMCOR Group by 438.1% during the fourth quarter. Aviva PLC now owns 27,589 shares of the construction company's stock valued at $12,523,000 after buying an additional 22,462 shares during the last quarter. Wedbush Securities Inc. raised its position in shares of EMCOR Group by 42.1% during the fourth quarter. Wedbush Securities Inc. now owns 1,562 shares of the construction company's stock valued at $709,000 after buying an additional 463 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its position in shares of EMCOR Group by 3.0% during the fourth quarter. Quadrant Capital Group LLC now owns 1,220 shares of the construction company's stock valued at $554,000 after buying an additional 36 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company's stock.

EMCOR Group Price Performance

EME traded up $0.45 during trading hours on Friday, hitting $617.96. The company's stock had a trading volume of 321,421 shares, compared to its average volume of 379,371. The business's 50-day moving average price is $542.98 and its 200-day moving average price is $461.08. EMCOR Group, Inc. has a 12 month low of $320.89 and a 12 month high of $667.64. The stock has a market cap of $27.66 billion, a price-to-earnings ratio of 25.64 and a beta of 1.27. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, topping the consensus estimate of $5.68 by $1.04. The company had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.10 billion. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. EMCOR Group's quarterly revenue was up 17.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.25 earnings per share. Sell-side analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, July 15th. EMCOR Group's payout ratio is presently 4.15%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group lifted their price objective on shares of EMCOR Group from $384.00 to $435.00 and gave the company a "sell" rating in a research report on Tuesday, July 8th. Stifel Nicolaus lifted their price objective on shares of EMCOR Group from $503.00 to $597.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Jefferies Financial Group assumed coverage on shares of EMCOR Group in a research report on Friday, June 27th. They set a "buy" rating on the stock. TD Securities assumed coverage on shares of EMCOR Group in a research report on Friday, June 27th. They issued a "buy" rating on the stock. Finally, Wall Street Zen upgraded shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $594.50.

EMCOR Group Company Profile

EMCOR Group, Inc provides construction and facilities, building, and industrial services in the United States and the United Kingdom. It offers design, integration, installation, start-up, operation, and maintenance services related to power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation; low-voltage systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; computerized traffic control systems, and signal and communication equipment; heating, ventilation, air conditioning, refrigeration, and geothermal solutions; clean-room process ventilation systems; fire protection and suppression systems; plumbing, process, and high-purity piping systems; controls and filtration systems; water and wastewater treatment systems; central plant heating and cooling systems; crane and rigging services; millwright services; and steel fabrication, erection, and welding services.